3 top shares for your retirement portfolio

Arguably one of the best ways to set yourself up for an early retirement is by having a passive income stream that is reliable and has the potential to grow over time. I believe that dividend shares are one of the best investments to achieve this and are especially useful in retirement thanks to the benefit of franking credits. The good news is that the ASX offers a number of reliable dividend shares that investors can consider as part of a diversified investment portfolio. Three that I like are listed below: Dicker Data Ltd (ASX: DDR) Dicker Data is a…

Arguably one of the best ways to set yourself up for an early retirement is by having a passive income stream that is reliable and has the potential to grow over time.

I believe that dividend shares are one of the best investments to achieve this and are especially useful in retirement thanks to the benefit of franking credits.

The good news is that the ASX offers a number of reliable dividend shares that investors can consider as part of a diversified investment portfolio. Three that I like are listed below:

Dicker Data is a leading computer software and hardware wholesale distributor which I rate very highly thanks to its robust business model, solid long-term growth prospects, and founders with plenty of skin in the game. Not only does Dicker Data pay a good portion of its profits out to its shareholders, it does so on a quarterly basis making it a great source of regular income. This year management intends to increase its full-year dividend to a fully franked 18 cents per share, which means a yield of approximately 6% currently.

Super Retail is a retail conglomerate behind brands including Macpac, Rebel, and Super Cheap Auto. At present its shares offer investors a trailing fully franked 5% dividend. Pleasingly, I believe that this dividend could grow at a solid rate in the future due to the potential turnaround of its Leisure segment. That segment has dragged on its overall business in recent years and management has taken action through the acquisition of the popular Macpac brand.

This year this listed investment company is on course to raise its dividend for a ninth year in a row. This means that it now provides a trailing fully franked 6.3% dividend at present. And thanks to the strong performance of its funds, I believe there’s a high probability that next year the company will make it ten years in a row of dividend increases. This certainly does put it in a position to successfully deliver on its objective of delivering investors a stream of fully franked dividends, capital growth, and capital preservation.

Financial year 2018 is here and The Motley Fool’s dividend detective Andrew Page has revealed his must buy dividend share to grow your wealth in 2018.

You might not know this market leader's name, but it's rapidly expanding into a highly profitable niche market here in Australia. Even better, the shares boast a strong, fully franked dividend that should balloon in the years to come. In other words, we're looking at the holy grail of incredible long-term growth potential AND income you can watch accruing in your account in real time!

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Dicker Data Limited. The Motley Fool Australia owns shares of Super Retail Group Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

5 ASX Stocks for Building Wealth After 50

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This Service provides only general, and not personalised financial advice, and has not taken your personal circumstances into account. The Motley Fool Australia operates under AFSL 400691. For more information please see our Financial Services Guide. Please remember that investments can go up and down. Past performance is not necessarily indicative of future returns. The Motley Fool Australia does not guarantee the performance of, or returns on any investment.